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Iva and LISA
My husband and I are starting to think about saving for a deposit for a house. I am 2 years into and IVA so not sure I can open a LISA, we are only able to save £250 a month at the moment anyway should my partner just open one in his name or should I open one anyway? thanks :)
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A bit concerned….
Hi everyone I have a DRO and the 12 months ended in December and in that year I never heard anything from any of my creditors. Anyway one of the debts that went into my DRO was my NatWest overdraft and as soon as they found out they closed my accounts. Anyway I had a letter the other day saying I’ve gone over my overdraft…
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Paid off IVA early
hi all, going back several years I got into some financial trouble and entered into a IVA, I was paying the monthly charge every month with no payments missed, I then had some inheritance from my late mother and paid off the IVA early, I was told that I would receive a certificate of completion, this was last April and I…
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Debtor
Good afternoon Just after a bit of guidance please. I completed my DRO in September, just checked on the insolvency register to see if my name is on there and it isn't, obviously after the 3 months it has come off. I have just been asked by a creditor for proof of completion, albeit 3 months later. I don't have proof now…
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Token Payments with StepChange has now come to an end
Hi All, Happy New Year to you! Looking for some advice, I have been with Step Change for the last few years but last year I was on maternity, so they changed my DMP to token payments due to mat pay. Now it has been a year they have advised that I either contact my creditors to ask if they would accept token payments or go…
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Step Change Error - fair?
Hi All, My partner has an IVA with Step Change and due to a change in my circumstances I was able to make a 3rd party payment offer to close the arrangement for him. We arranged this in August and sorted the paper work and in Dec 2021 I received an email stating the final figure had been accepted and could I please pay. I…
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Am I making the right decision?
Hi all! New here, looking for advice and everyone seems very helpful. Basically I currently have just under 10K debt across various creditors including an overdraft. I contacted a company (Money Advice) who told me of various options and initially I thought an IVA sounded like a good idea. However I've now been in touch…
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DRO after 12 months
I was accepted for a DRO and the 12 month period is coming to an end in the new year. I’m incapacitated for work and I’m concerned my sickness support payments increased during this period, could the Insolvency dept revoke my DRO?
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IVA and part time leaner loa
I have searched but can't seem to find the answer. If I enter Into an IVA for 60 months, during this time, can I still apply for a part time learner loan to study with the OU? Sorry if this has been discussed previously. Thanks
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DRO 12 month anniversary 🎉
Hello all so today marks the end of my 12 month DRO period and I’m so happy!!! I feel like a massive weight has been lifted from my life and I’m looking forward to starting a brand new job next month!!!! I have been through a rough journey and if it hadn’t been for this brilliant forum I don’t know how I would of coped…
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IVA
Hello, I've signed up to the forum as wanted some advice. I recently contacted a debt consolidation company to see if I could pay all my debts off and have one monthly payment. Then advised because of my credit history I wouldn't be able to. I'm currently not actually paying my debt down just paying the min due and using…
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IVA huge increase advice
Hi I took out an IVA three years ago. Initially my monthly payments were £85, after a review they increased to £182 and then without any notification or change in income or circumstances leapt to £392. As part of this year's annual review i quires this. they have not answered my queries, but informed me the payments will…
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Completed IVA - Insolvency Register
Hello, I got an early settlement loan for my IVA, I received my completion certificate from the IVA company on the 7th of September and was told that my name would be removed from the Insolvency Register after 3 month. I know it has only been just over 3 month however my name is still on. Should I wait longer to see if it…
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Scottish power refusing to update credit file after dro
can any can anyone advise what to do? Scottish power refusing to update credit file post DRO and when disputes raised to update they are saying the amount is still payable. I have tried raising complaints with the company and raising disputes however keep getting the same spiel many help much appreciated
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Home owner
My ex has applied for an IVA. We own a house together that is on the market through voluntary repossession. I have been told that I have to sign a form to protect the house from the IVA. The house is currently under offer at £20,000 more than the mortgage. Can anyone explain to me how this is going to affect any money that…
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Leaving IVA for a DRO - Questions
Hi All, I have cancelled my IVA by letting it fail as I now qualify for a DRO. The variation meeting to end my IVA agreement is on 25th January 21. My questions are: * How long after the variation will it take for my IVA to drop off the insolvency register * When can creditors start contacting me once the variation has…
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IVA Closure Delays
Hi all, I'm having trouble getting my completion certificate from my IVA practitioner. I paid my IVA off 2 years early and final payment was made 20 weeks ago and still nothing. I've emailed them numerous times to request an update on where they are and all I get back is their process of how to close an IVA not where mine…
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IVA's and Salary Sacrifice
Hi There. I am currently in the first year of my IVA and have been doing some research this week on IVA's and Salary Sacrifices. Unfortunately I am unable to find a concrete answer to the question I keep asking (Maybe it's just me). Here's my predicament - I have a car that is 14 years old and has 170k on the clock. As…
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PayPal won’t close account a year after DRO ended
Hi all, just wondering if anyone has been in my situation or knows what next steps I can take? The moratorium period on my DRO ended in February of this year, since then all accounts other than PayPal have been marked as closed in some way. PayPal is still showing as open and updating monthly with a default date of July of…
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Been advised to wait 3 months before submitting my DRO
Hi there i moved into an adapted property in October as im disabled and used my credit card to pay the removal company as i had no one else or money to do it which was £600, stepchange have asked me to wait 3 months before submitting my DRO but my barcode will be ready next week sometime as they say it is a big outlay on…
